MAJOCLAX: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
MAJOCLAX
Largest movements
- Receivables within one year +€171,156
up €171,156 (+1,424%), from €12,019 to €183,175
of which Other amounts receivable: +€172,340
- Cash -€42,121
down €42,121 (-55.3%), from €76,129 to €34,008
mainly Receivables within one year (-€171,156) and Deferred charges and accrued income (-€4,844)
- Deferred charges and accrued income +€4,844
up €4,844 (+59.4%), from €8,154 to €12,998
- Reserves +€71,112
up €71,112 (+27.3%), from €260,914 to €332,026
of which Distributable reserves: +€71,112
- Other debts +€60,000
up €60,000, from €0 to €60,000
- Gross operating margin +€17,242
up €17,242 (+22.0%), from €78,545 to €95,787
- Taxes +€6,273
up €6,273 (+24.4%), from €25,732 to €32,005
- Financial income +€1,616
up €1,616 (+26.2%), from €6,176 to €7,791
of which Financial income: +€1,486
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €295,802 | €429,680 | +€133,878 | +45.3% |
| Current assets | 29/58 | €295,802 | €429,680 | +€133,878 | +45.3% |
| Amounts receivable within one year | 40/41 | €12,019 | €183,175 | +€171,156 | +1,424% |
| Trade receivables | 40 | €1,185 | €0 | -€1,185 | -100% |
| Other amounts receivable | 41 | €10,834 | €183,175 | +€172,340 | +1,591% |
| Current investments | 50/53 | €199,500 | €199,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €76,129 | €34,008 | -€42,121 | -55.3% |
| Deferred charges and accrued income | 490/1 | €8,154 | €12,998 | +€4,844 | +59.4% |
| Total equity and liabilities | 10/49 | €295,802 | €429,680 | +€133,878 | +45.3% |
| Equity | 10/15 | €270,914 | €342,026 | +€71,112 | +26.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €260,914 | €332,026 | +€71,112 | +27.3% |
| Tax-exempt reserves | 132 | €105,250 | €105,250 | = | 0.0% |
| Distributable reserves | 133 | €155,664 | €226,776 | +€71,112 | +45.7% |
| Amounts payable | 17/49 | €24,888 | €87,654 | +€62,766 | +252% |
| Amounts payable within one year | 42/48 | €23,012 | €84,229 | +€61,217 | +266% |
| Trade debts | 44 | €5,244 | €3,720 | -€1,524 | -29.1% |
| Suppliers | 440/4 | €5,244 | €3,720 | -€1,524 | -29.1% |
| Taxes, remuneration and social security | 45 | €17,768 | €20,509 | +€2,741 | +15.4% |
| Taxes | 450/3 | €14,768 | €17,509 | +€2,741 | +18.6% |
| Remuneration and social security | 454/9 | €3,000 | €3,000 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €60,000 | +€60,000 | |
| Accrued charges and deferred income | 492/3 | €1,876 | €3,424 | +€1,548 | +82.5% |
| Other operating charges | 640/8 | €190 | €194 | +€4 | +2.1% |
| Gross operating margin | 9900 | €78,545 | €95,787 | +€17,242 | +22.0% |
| Operating profit (loss) | 9901 | €78,355 | €95,594 | +€17,238 | +22.0% |
| Financial income | 75/76B | €6,176 | €7,791 | +€1,616 | +26.2% |
| Recurring financial income | 75 | €6,176 | €7,662 | +€1,486 | +24.1% |
| Non-recurring financial income | 76B | - | €130 | +€130 | |
| Financial charges | 65/66B | €609 | €267 | -€341 | -56.1% |
| Recurring financial charges | 65 | €609 | €267 | -€341 | -56.1% |
| Profit (loss) for the period before taxes | 9903 | €83,922 | €103,117 | +€19,195 | +22.9% |
| Income taxes | 67/77 | €25,732 | €32,005 | +€6,273 | +24.4% |
| Profit (loss) for the period | 9904 | €58,190 | €71,112 | +€12,922 | +22.2% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €58,190 | €71,112 | +€12,922 | +22.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.